Intact Financial Co. (TSE:IFC) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Intact Financial Co. has received a consensus rating of "Moderate Buy" from nine analysts, with an average target price of C$322.20 for the next year.
• The stock has shown significant movement, with a 52-week low of C$240.37 and a high of C$317.35, currently trading at C$283.07.
• Director Timothy Michael Miller sold 13,028 shares at an average price of C$309.88, raising total proceeds of over C$4 million.

Intact Financial Co. (TSE:IFC - Get Free Report) has been given a consensus rating of "Moderate Buy" by the nine ratings firms that are currently covering the company, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is C$322.20.

Several analysts have issued reports on IFC shares. Raymond James Financial upped their price target on shares of Intact Financial from C$302.00 to C$330.00 and gave the company an "outperform" rating in a research report on Wednesday, May 7th. BMO Capital Markets raised their target price on shares of Intact Financial from C$330.00 to C$335.00 in a report on Friday, July 11th. TD Securities raised their price target on shares of Intact Financial from C$328.00 to C$349.00 and gave the stock a "buy" rating in a report on Wednesday, May 7th. National Bankshares increased their target price on shares of Intact Financial from C$341.00 to C$350.00 and gave the stock an "outperform" rating in a report on Tuesday, July 29th. Finally, Scotiabank increased their price objective on Intact Financial from C$318.00 to C$325.00 in a report on Wednesday, July 23rd.

Insider Buying and Selling at Intact Financial

In related news, Director Timothy Michael Miller sold 13,028 shares of the company's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of C$309.88, for a total value of C$4,037,064.53. Corporate insiders own 0.24% of the company's stock.

Intact Financial Stock Performance

IFC traded down C$3.53 during midday trading on Monday, hitting C$284.00. The stock had a trading volume of 134,642 shares, compared to its average volume of 285,450. Intact Financial has a 1 year low of C$243.87 and a 1 year high of C$317.35. The company has a market cap of C$50.52 billion, a P/E ratio of 21.99, a price-to-earnings-growth ratio of 2.01 and a beta of 0.57. The business has a fifty day moving average of C$305.70 and a 200 day moving average of C$292.60.

About Intact Financial

Intact Financial Corp is a property and casualty insurance company that provides written premiums in Canada. The company distributes insurance under the Intact Insurance brand through a network of brokers and a wholly-owned subsidiary, BrokerLink, and directly to consumers through Belairdirect. Most of the company's direct premiums are written in the personal automotive space.